Our Services

  • Accounting & Taxation

    We are your full service business and personal accountants. We provide a wide range of taxation and accounting advice to businesses, self-managed superannuation funds and individuals. Whether you are a business employing staff or an individual needing advice, with our experience and attention to detail we can help you reach your financial goals.

    We stay up to date on all the latest issues in taxation and have access to a number of specialised resources which allow us to give our clients timely and relevant answers to their questions.

    Some of the taxation and accounting areas we can help you with are:

    • Preparation of Financial Statements and Business Returns

    • Personal Income Tax

    • Fringe Benefits Tax

    • GST and related issues

    • Tax issues relating to Buying and Selling Property

    • Remuneration and Salary Packaging Advice

    We take the time to understand your needs so that we can provide advice that suits your circumstances. We like to visit our business clients as often as we can so that we better understand their business operations and everyday issues.

  • Self-Managed Superannuation

    Self-Managed Super Funds (SMSF's) offer a great opportunity for business owners and investment minded individuals to make their superannuation work for them. This opportunity is not only in the accumulation phase but also in the pension phase. By utilising an SMSF you have greater control over how your super money is invested. SMSF are an excellent opportunity for you to make the most of your superannuation. As SMSF’s are highly regulated and complex, you need expert advice when establishing and operating your Fund.

    SMSF are an excellent opportunity for you to make your superannuation work for you. Let Acumen guide you with expert advice on how an SMSF could work for you.

    We can help you establish your SMSF and guide you in the administration of your Fund. A superannuation fund is highly regulated, and trustees need to understand all issues involved in running and administering the SMSF. This is where we can help with our SMSF advice to ensure you meet your regulatory obligations, and provide strategies to utilise your superannuation fund in the best possible way.

  • Business Analysis & Growth

    We are business analysts who strive to make your business stronger by providing you with the tools to help you grow. We achieve this with a systematic process of assessing your business to identify opportunities to improve.

    We use a number of tools to help diagnose problems within the business - questionnaires, financial analysis, system audits and observation. From this, we develop strategies in consultation with the client to improve the business processes. We educate our clients in the use of cash flows, budgets and KPI’s to monitor progress. Regular meetings are also held to ensure the strategies are working.

    Strategic planning is the process of developing a common set of goals that will determine the direction of your business, a strategic plan is dynamic and can change over time. Part of this is to articulate a map for the business to achieve these goals.

    We develop strategies in consultation with the client to improve the business processes. We educate our clients in the use of cash flows, budgets and KPI’s to monitor progress.

    The objective is to form a baseline of expectations for the business, and assess whether the business is meeting those expectations. A strategic plan is then developed with a set of actions and goals.

    Strategic planning is an ongoing process that should be a part of every business. All businesses, whether sole traders or large companies, should have some form of unified plan for their business.

    In today's ever changing and competitive market, business need to take a large business approach. Using Acumen Accounting for business analysis and strategic planning will help you make educated operational decisions and allow your business to grow.

  • Structuring & Asset Protection

    There are numerous types of business structures, while they may look similar, they all have slightly different advantages and disadvantages. We can help you choose the correct structure for your particular needs, whether you are in business, have significant personal assets or are an investor.

    We understand it’s important to take into account not only your present situation but also your future needs, as it can often be difficult and sometimes costly to restructure at a later date.

    Consider the following;

    • Who will hold equity in the business?

    • Who will you be dealing with?

    • What are the types and levels of risk you and your business will be facing?

    Many businesses start off as sole traders or partnerships as they are relatively cheap to set up and maintain, however as your business grows these structures have inherent risks and can make it difficult to grow your business, or protect your assets.

    Our team takes the time to understand your goals when planning an appropriate structure for your circumstances.

    Asset protection is an important part of the decision making process when structuring how you hold your assets. Your legal structure is integral to protecting your assets, whether you are a business owner or an investor. Understanding the risks and getting your asset protection strategy right can be the difference between flexibility and security, or unlimited risk and lack of financial options.

“Acumen Accounting is based in Toowoomba Queensland, but we have clients all over Australia. We provide a wide range of taxation and accounting advice to small and medium businesses, trusts, self-managed superannuation funds and individuals.

Our focus is on providing you with tailored financial and taxation advice that meets your needs. With our comprehensive knowledge and experience we can help you meet the ever changing challenges of today's financial world.”